VAN CAMP: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VAN CAMP
Largest movements
- Tangible fixed assets +€19,732
up €19,732 (+23.3%), from €84,520 to €104,252
- Receivables within one year -€15,012
down €15,012 (-72.6%), from €20,671 to €5,659
of which Trade receivables: -€16,648
- Cash +€13,590
up €13,590 (+26.4%), from €51,466 to €65,056
mainly Net result for the year (+€23,286) and Receivables within one year (+€15,012)
- Stocks and contracts -€2,406
down €2,406 (-32.4%), from €7,431 to €5,025
- Reserves +€23,280
up €23,280 (+83.6%), from €27,835 to €51,115
of which Distributable reserves: +€23,280
- Other debts -€7,980
down €7,980 (-7.7%), from €103,896 to €95,916
- Gross operating margin -€61,567
down €61,567 (-46.8%), from €131,584 to €70,017
- Staff costs -€50,985
down €50,985 (-58.6%), from €87,046 to €36,061
- Taxes +€2,328
new in 2025: €2,328
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,444 | €181,353 | +€15,909 | +9.6% |
| Fixed assets | 21/28 | €84,575 | €104,307 | +€19,732 | +23.3% |
| Tangible fixed assets | 22/27 | €84,520 | €104,252 | +€19,732 | +23.3% |
| Land and buildings | 22 | €84,520 | €104,252 | +€19,732 | +23.3% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €80,869 | €77,046 | -€3,823 | -4.7% |
| Stocks and contracts in progress | 3 | €7,431 | €5,025 | -€2,406 | -32.4% |
| Stocks | 30/36 | €7,431 | €5,025 | -€2,406 | -32.4% |
| Amounts receivable within one year | 40/41 | €20,671 | €5,659 | -€15,012 | -72.6% |
| Trade receivables | 40 | €20,266 | €3,618 | -€16,648 | -82.1% |
| Other amounts receivable | 41 | €405 | €2,041 | +€1,636 | +404.0% |
| Cash at bank and in hand | 54/58 | €51,466 | €65,056 | +€13,590 | +26.4% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,306 | +€6 | +0.5% |
| Total equity and liabilities | 10/49 | €165,444 | €181,353 | +€15,909 | +9.6% |
| Equity | 10/15 | €57,851 | €81,137 | +€23,286 | +40.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,835 | €51,115 | +€23,280 | +83.6% |
| Tax-exempt reserves | 132 | €560 | €560 | = | 0.0% |
| Distributable reserves | 133 | €27,275 | €50,555 | +€23,280 | +85.4% |
| Profit (loss) carried forward | 14 | €17,616 | €17,622 | +€6 | 0.0% |
| Amounts payable | 17/49 | €107,593 | €100,216 | -€7,376 | -6.9% |
| Amounts payable within one year | 42/48 | €107,593 | €100,216 | -€7,376 | -6.9% |
| Trade debts | 44 | €2,588 | €2,652 | +€64 | +2.5% |
| Suppliers | 440/4 | €2,588 | €2,652 | +€64 | +2.5% |
| Taxes, remuneration and social security | 45 | €1,110 | €1,649 | +€539 | +48.6% |
| Taxes | 450/3 | €1,110 | €1,649 | +€539 | +48.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €103,896 | €95,916 | -€7,980 | -7.7% |
| Non-recurring operating income | 76A | €500 | €0 | -€500 | -100.0% |
| Remuneration, social security and pensions | 62 | €87,046 | €36,061 | -€50,985 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,247 | €5,464 | +€218 | +4.1% |
| Other operating charges | 640/8 | €2,855 | €2,755 | -€101 | -3.5% |
| Gross operating margin | 9900 | €131,584 | €70,017 | -€61,567 | -46.8% |
| Operating profit (loss) | 9901 | €36,436 | €25,737 | -€10,698 | -29.4% |
| Financial income | 75/76B | €23 | €0 | -€23 | -99.7% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -99.7% |
| Financial charges | 65/66B | €104 | €124 | +€19 | +18.5% |
| Recurring financial charges | 65 | €104 | €124 | +€19 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €36,355 | €25,614 | -€10,741 | -29.5% |
| Income taxes | 67/77 | - | €2,328 | +€2,328 | |
| Profit (loss) for the period | 9904 | €36,355 | €23,286 | -€13,069 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,355 | €23,286 | -€13,069 | -35.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.